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Fortune

Jacob Carpenter

Tech venture capital fueled FTX’s rise—and bears some responsibility for its downfall

FTX Sam Bankman-Fried Luisa Beltran Dennis Kelleher John J Ray III Crypto Enron

(Credit: effrey Greenberg/Universal Images Group via Getty Images)

There are many victims of the FTX debacle, including retail investors who lost their shirts and above-board crypto companies suffering reputational damage from the fallout.

Venture capital firms, however, are not one of them.

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